Pt Japfa Comfeed Indonesia Tbk Class A · IDX:JPFA
Pt Japfa Comfeed Indonesia Tbk Class A — Investor Presentation (2023)
28 slides from Pt Japfa Comfeed Indonesia Tbk Class A's investor presentation, 2023
Slide 1: Investor Presentation 9M2023
PT JAPFA COMFEED INDONESIA Tbk INVESTOR PRESENTATION 9M2023 Sinergi untuk Masa Depan Yang Berkelanjutan Synergy Towards A Sustainable Future
Slide 2: Index
Index Company Overview Key Investment Highlights Financial and Operational Highlights
Slide 3: Company Overview
COMPANY OVERVIEW
Slide 4: Vertically Integrated Business Model
Company Overview Core competencies across the value chain POULTRY AQUACULTURE BEEF CATTLE UPSTREAM ANIMAL FEED VERTICALLY INTEGRATED BUSINESS MODEL PRODUCTION UPSTREAM BREEDING MIDSTREAM COMMERCIAL FARMING DOWNSTREAM PROCESSING DOWNSTREAM CONSUMER PRODUCTS 3
Slide 5: Industrialized approach drives operational and financial benefits
Industrialized approach drives operational and financial benefits A Scale B Technology and Genetics – 2nd largest feed and DOC producer in Indonesia with – Exclusive relationship with Aviagen (on broilers) for significant scale across the value chain: the sourcing of grandparent stock with superior
Slide 6: Japfa: Well positioned for long-term growth
Japfa: Well positioned for long-term growth Poultry leader in Indonesia − Aquaculture is primarily a feed business with some − 2nd largest poultry feed producer in farming overlay Indonesia − Protein diversification − Core business and stable segment of strategy for varying the value chain Trading T
Slide 7: Growing responsibly
Growing responsibly Japfa’s animal protein business in Indonesia showed strong sales growth in the 2010 – 2014 period driven by strong poultry demand, which then stagnated in the 2014 – 2015 period. After the down-cycle, Japfa’s poultry business resumed growth in 2016 New and non-essential Capex
Slide 8: Key Investments Highlights
KEY INVESTMENTS HIGHLIGHTS
Slide 9: Investment highlights
Investment highlights 1 Attractive industry dynamics driven by strong structural growth in protein consumption 2 Leading integrated poultry national champion with nationwide footprint 3 Core feed business offers stable profitability 4 Industrialised Business Model: Leading Market Positions 5 Experie
Slide 10: Attractive industry dynamics driven by strong structural growth in protein consumption
1 Attractive industry dynamics driven by strong structural growth in protein consumption Poultry meat consumption has increased in tandem Poultry Meat Consumption per capita in Asia with GDP in Indonesia (kg per capita – 2022) 9 kg 2017 Malaysia 50.1 8 kg 2016 Consumption / Capita (Kg) 2015 7 kg 201
Slide 11: Well-established market leader in the Indonesian animal protein sector
Well-established market leader in the Indonesian animal 2 protein sector Nationwide footprint with presence in all major islands Company’s Operational Areas Significant economies of scale given procurement Logistical feat given that Indonesia is an archipelago; volume of raw materials, especiall
Slide 12: Poultry Feed: Stable Base Margin
Poultry Feed: Stable Base Margin 400 16% 350 14% LTM OPM Poultry Feed Covid Impact 12% 300 Price Change3 10% 250 8% 200 6% 150 4% 100 2% 50 0% 1 LTM Poultry Feed OPM (%) SBM Price 2,3 Corn Price 2,3 USD/IDR 3 Poultry Feed OPM has been stable around 10% - 11% as feed has the ability to effectively pa
Slide 13: Segmental Trends: PT Japfa Tbk (Poultry)
Segmental Trends: PT Japfa Tbk (Poultry) Revenue (IDR Billion) Operating Profit (IDR Billion) Operating Profit Margin (%) 68,555 62,126 7,619 3,221 3,598 3,521 6,505 239 48,543 3,233 242 47,123 25.0% 22,424 895 195 1,112 5,568 5,037 20,361 264 1,722 13,902 15,625 6,819 6,895 14.0% 16.3% 13.6% 6,414
Slide 14: Leading Pan-Asian Industrialised Agri-Food Company
3 Leading Pan-Asian Industrialised Agri-Food Company WHAT WE DO WHERE WE ARE WHY WE DO IT We produce quality We employ over 1.7 billion people living protein staples and 38,000 people across in our target markets packaged food that Singapore, Indonesia, More than 20% of the nourish millions of Vietn
Slide 15: Industrialised Business Model: Leading Market Positions
4 Industrialised Business Model: Leading Market Positions Leading upstream regional market positions DOC Production1 Vietnam 14% #2 Poultry Feed Production1 Myanmar 18% #2 DOC Production1 Myanmar 26% #2 2nd largest Indonesian poultry feed and DOC producer2 Poultry feed production capacity market sha
Slide 16: Experienced and tenured management team
5 Experienced and tenured management team Proven track record of guiding the Company through various cycles • Board of Commissioners* Ito Sumardi Syamsir Siregar Bambang Budi Hendarto Hendrick Kolonas Djuni Sanyoto President Vice President Commissioner Independent Commissioner Commissioner Commissio
Slide 17: Financial and Operational Highlights
FINANCIAL AND OPERATIONAL HIGHLIGHTS
Slide 18: PT Japfa Tbk – Financial Performance
PT Japfa Tbk – Financial Performance Revenue Operating Profit EBITDA PAT IDR Billion IDR Billion IDR Billion IDR Billion 9M2023 37,767 994 2,044 2,869 2.6% y-o-y (17.0)% y-o-y (11.8)% y-o-y (34.6%) y-o-y 9M2022 36,793 3,252 1,520 2,463 Profitability is improving but 9M2023 results are still affected
Slide 19: PT Japfa Tbk: Managing Cyclicality
PT Japfa Tbk : Managing Cyclicality Revenue Operating Profit IDR Billion IDR Billion 3,222 3,500 3,136 60,000 2,803 2,635 48,972 3,000 50,000 44,878 37,767 2,500 38,872 36,965 2,044 40,000 2,000 1,412 1,475 1,361 30,000 1,500 1,236 1,213 942 872 979 941 20,000 1,000 627 748 11,762 12,394 13,611 520
Slide 20: PT Japfa Tbk: Growth plans
PT Japfa Tbk: Growth plans Recalibrate short term growth plans In the light of the current challenging conditions, we have recalibrated our growth plans and prudently adjusted our Capex accordingly. We have a proven track record to adjust capex roll-out according to the prevailing market situation
Slide 21: PT Japfa Tbk: Aquaculture 4-year trend
PT Japfa Tbk: Aquaculture 4-year trend Revenue Operating Profit IDR Billion IDR Billion 5,000 4,754 350 327 4,500 299 3,954 300 4,000 3,471 3,416 3,399 3,500 250 199 202 3,000 200 2,500 150 128 2,000 1,500 1,065 1,176 1,158 100 73 1,000 50 30 25 500 0 0 FY2019 FY2020 FY2021 FY2022 1Q2023 2Q2023 3Q20
Slide 22: PT Japfa Tbk: Vaksindo 4-year trend
PT Japfa Tbk: Vaksindo 4-year trend Revenue Operating Profit IDR Billion IDR Billion 600 250 499 490 500 399 196 200 188 408 400 372 144 149 150 141 300 100 200 133 129 137 54 53 42 100 50 0 0 FY2019 FY2020 FY2021 FY2022 1Q2023 2Q2023 3Q2023 FY2019 FY2020 FY2021 FY2022 1Q2023 2Q2023 3Q2023 Vaksindo
Slide 23: Major Global External Factors
Major Global External Factors Geopolitical tensions, especially the situation in Europe and, more recently, in the Middle East, may cause disruptions to global economies, supply chains and commodities prices. These may impact the cost of raw materials and consumer purchasing power. We continue to
Slide 24: Covid-19 Impact
Covid-19 Impact Supply and Operations As Japfa supplies about 20-25% of animal protein foods in many countries where we operate, we play an essential role in supplying staple foods. As such, the impact of Covid-19 on our operations has not been material and we continue to run our farms and feed mill
Slide 25: Japfa Sustainability Journey
Japfa Sustainability Journey Sustainability has been at The standalone sustainability Participated as a road tester in the Social Japfa Tbk received an SLL from BNI the core of our operations report was issued to LCA/SLCA Project initiated by the United valued at IDR 1.42 trillion. since the Company
Slide 26: Proven financial track record
Proven financial track record Net Revenues Operating Profit EBITDA Net Profit (IDR Billion) (IDR Billion) (IDR Billion) (IDR Billion) 36,793 37,767 2,463 2,044 3,252 1,520 2,869 994 9M2022 9M2023 9M2022 9M2023 9M2022 9M2023 9M2022 9M2023 Total Assets Net Debt / Equity (%) CAPEX Total Interest Bearin
Slide 27: Capex
Capex (IDR Billion) 1,923 1,940 1,529 FY2021 FY2022 9M2023 26
Slide 28: Thank You
Thank You IMPORTANT NOTICE: This investor presentation is for information only and should not be relied upon to make any investment or divestment decision with respect to securities of the Japfa Group. Shareholders and potential investors are advised to seek independent advice in the making of any i
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